Though current performance remains weak, respondents to Transport Intelligence survey express confidence in longer-term prospects.

Los Angeles County Economic Development Council projects 13.5% drop this year but 1.6% rise next year. Region still ranks number one in US for foreign trade.

Danske Bank's survey of freight forwarders provides cause for optimism. May reading of 59 is up from 47 in April and 27 in March.

Volume fell 16.3% in Q1. Nonetheless, government and private sources make major financial commitments, including $1.5 billion from federal Recovery Act.

Grubb & Ellis says US vacancies rose 70 basis points in Q1 to 9.5%. Though asking rents fell only slightly, effective rents took big slip.

SANTA FE SPRINGS, CA-Developer sells the 2008 project to a private investor seeking a 'rock-solid' asset. The lease is valued at $385,000 per year runs through 2083.

ORANGE COUNTY, CA-The deals encompass a 29,070-square-foot land parcel and two buildings with 23,537 square feet.

ORANGE COUNTY, CA-Brokers expect transactions will bring investors back into market by defining market levels. Low interest rates mean buyers will see immediate cash flow.